Statute Procedure
To prevent barred assessments and erroneous abatements
Why is it important to statute search?
Payment Date
Does the 2 yr lookback period cover the received date or payment date?
The amount of credit or refund is limited to the tax paid.
What is the 3 year look-back rule?
Send to Statute Team
If the Ased has expired within the last 90 days or more , what should you do?I
Presidentially declared disaster area, combat zone, IDT, etc
Name a common situation that may allow TP to have additional time to file claim for credit or refund?
By determining expired periods for assessment or refund/credit, on statute imminent or expired periods.
How do we statue search?
What’s the two-year rule?
The amount of the refund is limited to the portion of tax paid within the two-year period of the claim.
Tax, penalties and interest
Taxes paid includes what?
Assessment Statute Expiration Date
What does ASED stand for?
Three years from original filed date or, Two years from date tax paid
What is the period to claim a refund or credit?
It is a time period established by law to review, analyze and resolve taxpayer and/or IRS tax related issues.
What is statute of limitation?
True/False:If the taxpayer has not made any payments in two years, are they able to get a refund?
False
Limitation on the amount that may be claimed is determined by what?
The look back period
True or False: Extension by agreement and false return are conditions that will extend Ased?
True
RSED
What is Refund Statutory Expiration Date?
To check all documents to verify received dates and with CII case and IDRS.
What is the most important element of statute searching?
If there are no payments in the past two years that pay tax. Do you allow the claim?
No
Tax, penalties and interest
What are taxes paid?
The period that a tax assessment must be made after the return has been filed.
What is 3 years?
Place the Statute employee in background "B"
What do you do if If you have a -A freeze RSED issue and Statute has an open control?